Guideline Value for Kunrathur Main Road

Kunrathur Main Road guideline value

The current guideline value of Kunrathur Main Road in Madanandapuram village is Rs 5,830 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of Kunrathur Main Road has changed

The guideline value for Kunrathur Main Road has seen significant changes over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased to Rs 5,300 per sq.ft in 2012. However, it then decreased by 33% to Rs 3,551 per sq.ft in 2017. The value rose again to Rs 5,300 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 5,830 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 386%.

Guideline values in Madanandapuram

In Madanandapuram, there are 94 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median guideline value for these streets is Rs 3,520 per sq.ft, placing the Kunrathur Main Road's 2024 figure above that median.

• Kumari Nagar: Rs 3,520 per sq.ft (2024)
• Lakshmi Avenue: Rs 3,520 per sq.ft (2024)
• Lakshmi Garden: Rs 3,520 per sq.ft (2024)
• Lakshmi Nagar: Rs 3,520 per sq.ft (2024)
• Krishna Nagar Extension: Rs 3,520 per sq.ft (2024)
• Krishna Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Kunrathur Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,830 per sq.ft, the total guideline value would be Rs 58,30,000. The stamp duty at 7% would amount to Rs 4,08,100, and the registration fee at 2% would be Rs 1,16,600, bringing the total cost for these fees to Rs 5,24,700. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kunrathur Main Road?

The Kunrathur Main Road is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Madanandapuram

The guideline value is a crucial factor during the registration of property transactions in Madanandapuram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded at a fair value as per the government regulations. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kunrathur Main Road?

The current guideline value of Kunrathur Main Road is Rs 5,830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 5,830 per sq.ft in 2024, marking an overall increase of 386%.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 58,30,000, the stamp duty would be Rs 4,08,100 and the registration fee would be Rs 1,16,600, totaling Rs 5,24,700.

Which office handles registrations for Kunrathur Main Road?

The Kunrathur Sub Registrar Office handles registrations for Kunrathur Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that properties are registered at a fair value according to government regulations.